Evaluator Moderate Correlations

EVMLX Fund

USD 11.74 0.07 0.60%

The current 90-days correlation between Evaluator Moderate Rms and Rbc Emerging Markets is 0.27 (i.e., Modest diversification). The correlation of Evaluator Moderate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Evaluator Moderate Correlation With Market

Very poor diversification

The correlation between Evaluator Moderate Rms and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Moderate Rms and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evaluator Moderate Rms. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Evaluator Mutual Fund

1.0	EVAGX	Evaluator Aggressive Rms	Pair Corr
0.98	EVFTX	Evaluator Tactically	Pair Corr
1.0	EVFMX	Evaluator Moderate Rms	Pair Corr
1.0	EVFGX	Evaluator Aggressive Rms	Pair Corr
0.93	EVFCX	Evaluator Conservative	Pair Corr
1.0	EVGRX	Evaluator Growth Rms	Pair Corr
1.0	EVGLX	Evaluator Growth Rms	Pair Corr
0.93	EVTTX	Evaluator Tactically	Pair Corr
0.9	EVVLX	Evaluator Very Conse	Pair Corr
0.89	EVVCX	Evaluator Very Conse	Pair Corr
0.93	ABALX	American Balanced	Pair Corr
0.93	BALCX	American Balanced	Pair Corr
0.95	BALFX	American Balanced	Pair Corr
0.91	FBONX	American Funds American	Pair Corr
0.91	FBAFX	American Funds American	Pair Corr
0.95	RLBCX	American Balanced	Pair Corr
0.94	RLBBX	American Balanced	Pair Corr
0.95	CLBAX	American Balanced	Pair Corr
0.95	CLBEX	American Balanced	Pair Corr
0.93	RLBFX	American Balanced	Pair Corr
0.93	FTYPX	Fidelity Freedom Index	Pair Corr
0.94	FFBTX	Fidelity Freedom Blend	Pair Corr
0.8	GAAVX	Gmo Alternative Allo	Pair Corr
0.85	GCAVX	Gmo Small Cap	Pair Corr
0.8	GQLOX	Gmo Quality Fund	Pair Corr
0.94	GHVIX	Gmo High Yield	Pair Corr
0.81	GMCQX	Gmo Equity Allocation	Pair Corr
0.84	HQIIX	Hartford Equity	Pair Corr
0.89	MRHYX	Msift High Yield	Pair Corr
0.79	TINRX	Tiaa Cref Equity	Pair Corr
0.86	CXXRX	Columbia Small Cap	Pair Corr
0.94	HSWFX	Hartford Schroders	Pair Corr
0.73	MNOLX	Mainstay Mackay New	Pair Corr
0.93	DGITX	Dgi Investment Trust	Pair Corr
0.93	VHCOX	Vanguard Capital Opp	Pair Corr
0.8	FSTZX	Fidelity Series 0	Pair Corr
0.93	PFIJX	Strategic Asset Mana	Pair Corr
0.97	RLGCX	Riverfront Dynamic Equity	Pair Corr

Related Correlations Analysis

	ABPYX	ABNTX	PIEFX	ANGCX	REMVX	RECIX
ABPYX		-0.36	-0.2	-0.3	-0.32	-0.26	ABPYX
ABNTX	-0.36		0.83	0.89	0.88	0.8	ABNTX
PIEFX	-0.2	0.83		0.89	0.98	0.96	PIEFX
ANGCX	-0.3	0.89	0.89		0.93	0.9	ANGCX
REMVX	-0.32	0.88	0.98	0.93		0.96	REMVX
RECIX	-0.26	0.8	0.96	0.9	0.96		RECIX
	ABPYX	ABNTX	PIEFX	ANGCX	REMVX	RECIX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

REMVX	+ 0.98	PIEFX
RECIX	+ 0.96	PIEFX
RECIX	+ 0.96	REMVX
REMVX	+ 0.93	ANGCX
RECIX	+ 0.9	ANGCX
ANGCX	+ 0.89	ABNTX

High negative correlations

ABNTX	- 0.36	ABPYX
REMVX	- 0.32	ABPYX
ANGCX	- 0.3	ABPYX
RECIX	- 0.26	ABPYX
PIEFX	- 0.2	ABPYX

Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Moderate Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Evaluator Moderate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABPYX	0.38	(0.05)	(0.16)	(0.01)	0.55	(0.38)	0.70	(1.09)	2.36
ABNTX	0.08	0.00	(0.65)	(0.53)	0.00	(0.11)	0.10	(0.19)	0.39
PIEFX	0.82	0.22	0.18	0.38	0.64	(0.98)	2.00	(1.21)	5.25
ANGCX	0.07	0.02	(0.61)	10.92	0.00	(0.14)	0.12	(0.12)	0.58
REMVX	0.63	0.26	0.37	0.58	0.00	(0.86)	1.70	(0.84)	3.28
RECIX	0.87	0.41	0.47	0.67	0.00	(1.10)	2.24	(1.28)	11.71

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